River Global Investors LLP Has $523,000 Holdings in MakeMyTrip Limited (NASDAQ:MMYT)

River Global Investors LLP lessened its holdings in MakeMyTrip Limited (NASDAQ:MMYT) by 43.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,657 shares of the technology company’s stock after selling 3,564 shares during the period. River Global Investors LLP’s holdings in MakeMyTrip were worth $523,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. FMR LLC lifted its stake in shares of MakeMyTrip by 51.2% in the 3rd quarter. FMR LLC now owns 3,635,473 shares of the technology company’s stock valued at $337,917,000 after purchasing an additional 1,230,916 shares during the last quarter. Jennison Associates LLC raised its holdings in MakeMyTrip by 282.4% in the 3rd quarter. Jennison Associates LLC now owns 2,316,572 shares of the technology company’s stock worth $215,325,000 after acquiring an additional 1,710,773 shares during the period. The Manufacturers Life Insurance Company raised its holdings in MakeMyTrip by 20.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 632,062 shares of the technology company’s stock worth $58,750,000 after acquiring an additional 107,814 shares during the period. Janus Henderson Group PLC raised its holdings in MakeMyTrip by 1.3% in the 3rd quarter. Janus Henderson Group PLC now owns 508,607 shares of the technology company’s stock worth $47,258,000 after acquiring an additional 6,378 shares during the period. Finally, Wasatch Advisors LP bought a new position in MakeMyTrip in the 3rd quarter worth $44,521,000. Institutional investors and hedge funds own 51.89% of the company’s stock.

MakeMyTrip Stock Performance

NASDAQ:MMYT opened at $87.11 on Friday. The firm’s 50-day moving average is $105.52 and its 200-day moving average is $104.99. MakeMyTrip Limited has a 52-week low of $59.51 and a 52-week high of $123.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.88 and a current ratio of 2.88. The company has a market cap of $9.56 billion, a price-to-earnings ratio of 47.34, a PEG ratio of 6.56 and a beta of 1.36.

MakeMyTrip (NASDAQ:MMYT) last posted its quarterly earnings data on Thursday, January 23rd. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.12). MakeMyTrip had a return on equity of 11.46% and a net margin of 25.42%. Equities research analysts anticipate that MakeMyTrip Limited will post 1.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Bank of America lifted their target price on shares of MakeMyTrip from $119.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, December 27th. StockNews.com downgraded shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, January 24th.

MakeMyTrip Profile

MakeMyTrip Limited, an online travel company, sells travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, and Indonesia. The company operates through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing.